Revenue: As of FY2026 Q1, the actual value is USD 4.045 B.

EPS: As of FY2026 Q1, the actual value is USD 2.88.

EBIT: As of FY2026 Q1, the actual value is USD 1.146 B.

Overall Company Financial and Operational Metrics

Net Income and Operating Income

• Net income available to Arch common shareholders was $1.0 billion for the first quarter of 2026, an increase from $564 million for the first quarter of 2025. After-tax operating income available to Arch common shareholders was $901 million for the first quarter of 2026, compared to $587 million for the first quarter of 2025.

Returns on Equity

• Annualized net income return on average common equity was 17.8% for the first quarter of 2026, up from 11.1% for the first quarter of 2025. Annualized operating return on average common equity was 15.4% for the first quarter of 2026, compared to 11.5% for the first quarter of 2025.

Premiums and Underwriting

• Gross premiums written totaled $6,425 million in the first quarter of 2026, a -0.6% decrease from $6,463 million in the first quarter of 2025. Net premiums written were $4,348 million in the first quarter of 2026, a -3.7% decrease from $4,515 million in the first quarter of 2025. Net premiums earned amounted to $3,986 million in the first quarter of 2026, a -4.8% decrease from $4,188 million in the first quarter of 2025. Underwriting income was $728 million in the first quarter of 2026, a 74.6% increase from $417 million in the first quarter of 2025.

Underwriting Ratios

• The loss ratio was 52.4% in the first quarter of 2026, a -9.4 percentage point change from 61.8% in the first quarter of 2025. The underwriting expense ratio was 29.3% in the first quarter of 2026, a 1.0 percentage point change from 28.3% in the first quarter of 2025. The combined ratio was 81.7% in the first quarter of 2026, an -8.4 percentage point change from 90.1% in the first quarter of 2025. The combined ratio excluding catastrophic activity and prior year development was 82.3% in the first quarter of 2026, compared to 81.0% in the first quarter of 2025.

Catastrophic Losses and Reserve Development

• Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, were $174 million. Favorable development in prior year loss reserves, net of related adjustments, was $200 million.

Investment Income

• Pre-tax net investment income was $408 million for the first quarter of 2026, compared to $378 million for the first quarter of 2025. Equity in net income of investments accounted for using the equity method was $160 million for the first quarter of 2026, compared to $53 million for the first quarter of 2025. The pre-tax investment income yield, at amortized cost, was 3.99% for the first quarter of 2026, compared to 4.16% for the first quarter of 2025. Total return on investments was 0.10% for the first quarter of 2026, compared to 2.02% for the first quarter of 2025.

Other Financial Metrics

• Share repurchases amounted to $783 million. Book value per common share was $66.19 at March 31, 2026, a 1.7% increase from December 31, 2025. Net realized losses were $87 million for the first quarter of 2026, compared to net realized gains of $3 million in the first quarter of 2025. Net foreign exchange gains were $21 million for the first quarter of 2026, compared to net foreign exchange losses of $27 million for the first quarter of 2025. Corporate expenses were $31 million for the first quarter of 2026, down from $50 million for the first quarter of 2025. Amortization of intangible assets was $30 million for the first quarter of 2026, compared to $49 million for the first quarter of 2025. Income from operating affiliates was $36 million for the first quarter of 2026, compared to $17 million for the first quarter of 2025. The effective tax rate on income before income taxes was 8.6% for the first quarter of 2026, compared to 17.4% for the first quarter of 2025. The effective tax rate on pre-tax operating income available to Arch common shareholders was 14.8% for the first quarter of 2026, compared to 11.7% for the first quarter of 2025.

Cash Flow

• Operating cash flow and free cash flow information were not provided in the reference.

Segment Performance (Three Months Ended March 31, 2026 vs. 2025)

Insurance Segment

• Gross premiums written: Increased by 2.0% to $2,697 million in 2026 from $2,645 million in 2025. Net premiums written decreased by -1.4% to $1,906 million in 2026 from $1,933 million in 2025, though an increase of 1.1% would have occurred when adjusting for non-renewal of certain programs related to the MCE Acquisition. Net premiums earned increased by 0.6% to $1,871 million in 2026 from $1,860 million in 2025. Underwriting income increased by 3,400.0% to $66 million in 2026 from -$2 million in 2025. The loss ratio improved by -5.8 percentage points to 60.2% in 2026 from 66.0% in 2025, reflecting lower current year catastrophic activity and estimated net favorable development of prior year loss reserves. The combined ratio improved by -3.6 percentage points to 96.5% in 2026 from 100.1% in 2025.

Reinsurance Segment

• Gross premiums written: Decreased by -2.3% to $3,414 million in 2026 from $3,494 million in 2025. Net premiums written decreased by -6.0% to $2,176 million in 2026 from $2,316 million in 2025, primarily due to a reduction in property catastrophe business and lower reinstatement premiums. Net premiums earned decreased by -9.7% to $1,831 million in 2026 from $2,028 million in 2025. Underwriting income increased by 164.1% to $441 million in 2026 from $167 million in 2025. The loss ratio improved by -15.2 percentage points to 51.7% in 2026 from 66.9% in 2025, reflecting lower current year catastrophic activity and higher estimated net favorable development of prior year loss reserves. The combined ratio improved by -15.9 percentage points to 75.9% in 2026 from 91.8% in 2025.

Mortgage Segment

• Gross premiums written: Decreased by -3.1% to $316 million in 2026 from $326 million in 2025, driven by lower U.S. monthly premium business. Net premiums written remained unchanged at $266 million in both 2026 and 2025. Net premiums earned decreased by -5.3% to $284 million in 2026 from $300 million in 2025. Underwriting income decreased by -12.3% to $221 million in 2026 from $252 million in 2025. The loss ratio increased by 4.2 percentage points to 5.3% in 2026 from 1.1% in 2025. The combined ratio increased by 6.2 percentage points to 22.3% in 2026 from 16.1% in 2025.

Outlook / Guidance

• The provided reference does not contain explicit forward-looking statements or guidance on future financial performance or operational targets for 艾奇资本 (Arch Capital Group Ltd.). The CEO’s statement reflects on past performance and general strategy, rather than providing specific future outlook.